The chart at the very top is to show you that the Weekly chart for the S&P 500 fired it’s buy signal and now all 3 level charts are in the the go mode. So it really makes it hard to not be invested in the C-fund in some degree. This past week was also a great recovery week to get back all the levels we lost last week. I also pointed out on the daily chart above the next pivot high that we need to take out. We will have a very short trading week next week, so it will be interesting to see what kind of action we get. Thanksgiving it coming.
The Small Cap managed to bounce back into the green this week so the the warning was dropped. There is still work to do here and it needs to be done soon in order to make this structure look like an uptrend. If price can take out that last pivot high, it would be on it’s way.
The International looks a lot like the Small cap and really needs to take out that last pivot high. It would do a lot to make structure in this index turn toward a positive uptrend. Last weeks warnings were also dropped here.
Bonds are still just ugly and I have no clue where we are heading here. Thursday we finished the day to the downside and Friday that pressure continued lower. Prices once again created another lower pivot high. So the trend remains down.
Conclusion. I see no reason why not to be invested in the C-fund and if things continue up the next 4 trading days, we could monthly buys on the S and I funds. For now, we wait.
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